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20121222
20121230
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KTVU (FOX) 1
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." on this day, the action came from a family shopping for their future daughter-in-law. "they bought a mongol sutra with earings, a necklace with earrings and another chain. turns out to be about 216,000 indian rupees." at today's exchange rate, that buy translates to more than $4,000 in gold. and while not every indian can afford that kind of outlay, all families will need to buy some gold when their children get married. "if from the lady's side they don't come up with the gold, there's going to be a problem. so they have to buy a lot of gold. they don't have a choice." > > everyone? "everyone. believe me everyone." more than just a gift, gold is valued as a safe investment, and for its liquidity. "you have gold, you can sell it into the marketplace and grab the money. it's so easy." the new shipping complex behind me in the southern city of kochin represents the booming economy. and with growth projections here as high as 7% for the year, the expanding indian market for goal could push prices past $2500 an ounce. "buy it, keep it, buy 24-carat gold, put it in a locker, and when you need mo
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